Palau is the 200th largest export economy in the world. In 2016, Palau exported $24.1M and imported $185M, resulting in a negative trade balance of $161M. In 2016 the GDP of Palau was $310M and its GDP per capita was $16.3k.

Exports

In 2016 Palau exported $24.1M, making it the 200th largest exporter in the world. During the last five years the exports of Palau have increased at an annualized rate of 5.1%, from $18.8M in 2011 to $24.1M in 2016. The most recent exports are led by Non-fillet Fresh Fish which represent 59.4% of the total exports of Palau, followed by Passenger and Cargo Ships, which account for 30.7%.

Imports

In 2016 Palau imported $185M, making it the 197th largest importer in the world. During the last five years the imports of Palau have increased at an annualized rate of 40.7%, from $33.6M in 2011 to $185M in 2016. The most recent imports are led by Refined Petroleum which represent 13.1% of the total imports of Palau, followed by Passenger and Cargo Ships, which account for 10.6%.

Origins

Economic Complexity of Palau

Product Space

The product space is a network connecting products that are likely to be co-exported and can be used to predict the evolution of a country’s export structure.

Palau exports 29 products with revealed comparative advantage (meaning that its share of global exports is larger than what would be expected from the size of its export economy and from the size of a product’s global market).